Free Trial

Bulls Need Close Above 100-DMA.....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above 100-DMA
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.54 - High Oct 3 
*RES 2: Thb33.35 - High Oct 27, 21-WMA, 100-DMA 
*RES 1: Thb33.20 - Daily Bear channel top
*PRICE: Thb33.09 @ 2300GMT
*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.52 - Low Apr 27 2015 
*SUP 4: Thb32.23 - Daily Bear channel base
*COMMENTARY: The break of Thb33.25 lacked follow through with recent topside
hesitation resulting in a break of Thb33.10 and immediate focus returned to the
2017 low. Overall bears need a close below Thb32.98 to shift focus to Thb32.52.
Bulls still need a close above the 100-DMA to ease bearish pressure and above
Thb33.54 to hint at a move back to Thb33.77-96 where the 200-DMA is situated.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });